XL Innovate goes Windward in series C round

Jul 6, 2018 • Robert Lavine

Marine data provider Windward has now raised almost $39m, having secured $16.5m in a round led by XL Catlin's corporate venturing unit.

XL Innovate, the strategic investment arm of insurance and reinsurance firm XL Catlin, has led a $16.5m series C round for Israel-based maritime data provider Windward.

Venture capital firm Horizons Ventures, VC fund Aleph and private investors including Marc Benioff also participated in the round, which Windward said boosted its overall funding to $38.9m.

Founded in 2010, Windward runs a software platform that uses data science to quantify maritime risk. It can track and analyse patterns formed by shipping routes…

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